Solved

The Production Possibilities Decrease as More Resources and Better Technology

Question 38

True/False

The production possibilities decrease as more resources and better technology are utilized.
More resources and better technology create a greater capacity to produce.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q35: Table 1.1 shows the hypothetical trade-off

Q36: Table 1.3 shows the hypothetical trade-off

Q37: The opportunity cost of studying for an

Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5716/.jpg" alt=" Using Figure 1.3

Q40: To calculate the slope of a line,find

Q42: Table 1.1 shows the hypothetical trade-off

Q43: Microeconomics is concerned with individual performance as

Q62: A production possibilities curve indicates the<br>A)Combinations of

Q86: The slope of a curve at any

Q141: Economic growth would best be represented by